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JSW Steel posts record crude steel output at 4.11 million tonnes in Q3

JSW Steel posts record crude steel output at 4.11 million tonnes in Q3

New Delhi: Private sector JSW Steel has reported its highest-ever quarterly crude steel production in the October-December quarter of this fiscal at 4.11 million tonnes (MT).

“JSW Steel reported 4.11 million tonne of crude steel production during Q3 FY 2017-18, 7 per cent growth over corresponding quarter of FY 2016-17,” the company said in filing to the BSE.

It is the highest ever quarterly crude steel production, the firm added. The company’s crude steel production was at 3.86 million tonnes during the same quarter of the preceding fiscal.

During the third quarter of the ongoing financial year, the production of flat products fell by 1 per cent to 2.82 million tonnes from 2.83 million tonnes in the year-ago period.

The long products output at 0.88 million tonnes was up 18 per cent as compared to 0.74 million tonnes during the three-month period of the last financial year.

Shares of the company on Wednesday ended 0.11 per cent up at Rs 283.40 apiece on the BSE.

PTI